"HTI will be renamed and proposes to issue a prospectus for the...

"HTI will be renamed and proposes to issue a prospectus for the issue of up to circa 10m new HTI shares at 20cps to raise up to $2m (with 2:1 free attaching listed options – being up to 20m options of the same class as the existing HTIO securities) on a post-consolidation basis"

"HTI then proposes to prepare a prospectus for the issue of up to a further 10m shares (at
20cps) and 20m free attaching listed options (20c / 31 March 2015)."

Patersons to underwrite the share placement.

My sources had told me Hal was going for a listing itself so bit out of left field doing a back door listing.
I guess a lot less hassle, although sounded as though the prospectus was pretty much written up?